Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
How to choose a cryptocurrency investment fund?
In order to guarantee a profit for a beginner without knowledge and experience in trading, and not to waste your capital, it is better to transfer your portfolio to reliable hands. There are a large number of investment funds, but you can choose real professionals only by their previous achievements. So, the main criteria for choosing a crypto fund:
- The success of the work for the entire existence of the fund. Before entering into a contract, it is necessary to analyze the history and effectiveness of the team. Losses sometimes occur in trading, but their number depends on the competence of the company's management.
- Free access to statistics. If a party operates only with promises and does not provide evidence of its activities, this is a serious signal for the investor. This is usually how fraudulent pyramids operate, which are covered by the name “investment fund".
- Official contract. Obviously? We agree, but we decided to once again remind you of the need to conclude a written agreement in order to be legally protected.
- The appropriate price. Serious brokers will not work and take payment like beginners. The price should be adequate, as they say: “a miser pays twice.” An attractive commission does not guarantee you a professional disposal of money.
- Strategy. Various funds use convenient, well-developed trading strategies over the years. It will be a long-term investment with minimal risks, or short-term deposits of a high degree of risk, it's up to you, the main thing is to take into account the experience of the fund in this direction.
- Reviews. They must be read, but now everyone has learned to “correct” their reputation with fake reviews. Look not only at the number of stars, but carefully read the texts. Template comments without emotions from users without an avatar give out those who have a bad reputation.
- The legal side. In some countries, cryptocurrencies are banned, and in some countries they are not yet regulated by law. Pay attention to which country the foundation is registered in and whether it is legally operating.
Read also about the most famous cryptocurrency investment funds
